Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.75 | 0.47% |
| Return on Equity (%) | ▲ | 10.48% | +7.01 | 3.47% |
| Net Interest Margin (%) | ▲ | 5.06% | +0.40 | 4.67% |
| Efficiency Ratio (%) | ▲ | 67.15% | -12.87 | 80.02% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.22 | $0 |
| Cost of Funds (%) | ▼ | 1.99% | +0.32 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $104 | +22.74 | $81 |
| Gross Loans ($M) | ▲ | $78 | +21.83 | $56 |
| Loan Growth YoY (%) | ▲ | 94.33% | +11.41 | 82.92% |
| Total Deposits ($M) | ▲ | $82 | +15.17 | $67 |
| Shareholders Equity ($M) | ▲ | $12 | +0.92 | $11 |
| Tang. Book Value ($M) | ▲ | $10 | +1.16 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 94.33% | +11.41 | 82.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.92% | -1.02 | 2.94% |
| Allowance / Loans (%) | — | 0.79% | -0.56% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 2.38% | -1.51 | 3.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▅▆▁▂▁▄█ | Net Interest Margin (%) | 4.76% | 4.88% | 4.94% | 4.67% | 4.74% | 4.68% | 4.86% | 5.06% |
| ▄▅▅▁▁▁▄█ | Return on Assets (%) | 0.77% | 0.90% | 0.91% | 0.47% | 0.48% | 0.52% | 0.79% | 1.23% |
| ▅▄▃███▄▁ | Efficiency Ratio (%) | 74.2% | 72.1% | 71.4% | 80.0% | 80.2% | 79.4% | 73.2% | 67.2% |
| ▁█▄▃▄█▇█ | Cost of Funds (%) | 1.54% | 1.94% | 1.75% | 1.68% | 1.74% | 1.99% | 1.92% | 1.99% |
| ▅█▄▄█▆▂▁ | NPA / Assets (%) | 3.23% | 3.97% | 2.92% | 2.94% | 4.08% | 3.35% | 2.39% | 1.92% |
| ▇█▅▅█▆▂▁ | Net Charge-Off Ratio (%) | 4.83% | 5.26% | 4.10% | 3.89% | 5.18% | 4.27% | 2.85% | 2.38% |
| ▁▂▃▄▄▃▇█ | Tang. Book Value ($M) | $8 | $8 | $8 | $9 | $9 | $8 | $9 | $10 |
| ▁▁▂▂▅▆▇█ | Gross Loans ($M) | $51 | $53 | $55 | $56 | $66 | $68 | $75 | $78 |
| ▂▁▂▂▁▄▇█ | Total Deposits ($M) | $67 | $64 | $68 | $67 | $66 | $72 | $79 | $82 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 17% |